Binance withdrawals frozen after thieves steal $5.6 billion in crypto in record-breaking cryptocurrency heist — firm says it will cover losses as stablecoin networks move to freeze $2.4b in stolen assets

Binance has frozen withdrawals following a record-breaking cryptocurrency heist where thieves stole between $5.6 billion and $6.3 billion. The firm stated it will cover the losses while stablecoin networks attempt to freeze $2.4 billion in stolen assets. Experts suggest a North Korean group is responsible, potentially gaining initial access through a compromised laptop belonging to a DevOps engineer. This security breach represents one of the largest thefts in the history of the crypto industry.